Mandala Rose acquires 3.62 crore shares of Jain Irrigation

India Infoline News Service | Mumbai | September 28, 2017 13:12 IST

Jain Irrigation informed the bourses that Mandala Rose Co-investment has acquired 3.62 crore shares or 7.26% in the company.

Jain Irrigation informed the bourses that Mandala Rose Co-investment has acquired 3.62 crore shares or 7.26% in the company.
 
The Board of Jain Irrigation Systems on September 16, 2017 had allotted 3.62 crore ordinary equity shares of Rs 2 each at a premium of Rs 78 each on conversion of 3.62 crore compulsorily convertible debentures of Rs 80 each to non-promoter entity i.e. Mandala Rose Co-Investment, Mauritius on a preferential basis.
 
The stock of Jain Irrigation Systems was trading at Rs 93.90 per share, down by Rs 0.55 or 0.58% as at 1238 hours on Thursday, on the BSE. The stock hit an intraday high and low of Rs 96.90 and Rs 93.85, respectively. It attracted a traded volume of 31,10,119 shares and traded value of Rs 2,946.22 lakh on the NSE. The stock had hit its 52-week high of Rs 119.70 on April 25, 2017 and 52-week low of Rs 79.70 on December 22, 2016.
 
Jain Irrigation Systems Limited is an agri-business company. The company is engaged in the manufacture of plastic products and manufacture of fruit or vegetable juices, their concentrates squashes and powder. Its segments include hi-tech agri input products, industrial products and non-conventional energy.

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